“I’m basically seeing 2026 into 2027 as the age of real-world tokenization,” Scaramucci, a former Goldman Sachs executive who had a brief stint at the White House during President Donald Trump’s first term, told Fortune.
Advocates say issuing products like investment funds on decentralized networks can reduce transaction fees and cut out middlemen. Traditionally, there are a series of individuals between the buyers and sellers of financial assets, each of whom has to vet and evaluate the origin of, say, a stake in a fund—even if that fund is made up of cryptocurrencies already on blockchains. Each of these middlemen can charge fees and slow the process down.
Blockchains are decentralized databases, meaning that no one party can tamper with the information stored on the network. Hence, there theoretically does not need to be a middleman to verify the owner and authenticity of a financial asset issued on it. Users can look up the details themselves.
SkyBridge Capital plans to partner with Tokeny, a company that specializes in tokenization, to put its funds on Avalanche.
“Ultimately, we want to achieve two things,” said John Wu, the president of Ava Labs, one of the main developers behind the Avalanche network. “One is to bring activity on chain from the traditional finance world and also show the world that this technology can benefit them in terms of cost savings.”
